We've been looking at all of these charts on Binance and other major exchanges, they are quite similar overall, at least the ones I pick for us to learn/trade... AIONBTC is one that is super bullish... Let's take a look.
The RSI here is sitting at 66.52, higher than most other alts before starting to move up.
Breaking passively above EMA50.
Slow steady growth...
AION/BTC has an interesting setup forming here.
This one is not tradeable yet.
In order for me to enter, I want to see the resistance at 104-105 broken, and ideally retested as support from above.
Once it gets reclaimed, that is where I'd enter (green circle on the chart).
Great potential for a pump.
Is Aion going to fall into the Abyss or Moon because of BTC sell-off...
At the moment it looks like we are in a Bear Flag but with Bitcoin in a Descending Triangle are we in for some profits?
What's your opinion?
Adding to position here. Analysis based on Wyckoff Accumulation Schematic #1 (Google for ref). Although we have not reclaimed and established ST in phase B as support level I like my risk definition at these levels and will happily cut the position if we see new lows, follow by complete reassessment.
AION broke out of falling widget and forming HL and HH
No Supply candle formed at Golden Pocket (btw 0.618 and 0.65 fib)
SBS Indicator signaled BUY
Buy range, Targets and SL are on the chart
Lets see how this setup plays out
Watch out for BTC volatility.